Al-Salam Real Estate Investment Trust
MMYX:ALSREIT0.55
MYR
+0.01
(+0.93%)
ISIN
MYL5269TO004
Return %
Stock
S&P 500
1Y
15.96
14.20
3Y
18.48
81.12
5Y
9.00
68.34
Capital Structure
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Zulhilmy bin Kamaruddin
- Sector
- Finance
- Industry
- Real estate investment trusts
- Address
- Petaling Jaya Malaysia
- IPO Date
- Sep 29, 2015
- Website
- alsalamreit.com.my
- Similar Companies
- Business
- Al-Salam Real Estate Investment Trust is a Malaysia-based Islamic real estate investment trust that focuses on investing in a diversified portfolio of Shariah-compliant, income-producing commercial, retail, office, food and beverage, and industrial properties. Established in 2015 and headquartered in Johor Bahru, Malaysia, the trust is managed by Damansara REIT Managers Sdn Berhad, a subsidiary of its sponsor, Johor Corporation. Al-Salam Real Estate Investment Trust operates through four principal business segments: Retail Properties, comprising shopping centers, hypermarkets, and community marts including KOMTAR JBCC in Johor Bahru, @Mart Kempas in Johor, Central Market in Pasir Gudang, and Mydin Hypermarket in Kuala Terengganu; Office Properties, encompassing commercial office buildings such as Menara KOMTAR in Johor Bahru; Food and Beverage Outlets, consisting of a nationwide network of standalone restaurant buildings and drive-thru properties leased to quick-service restaurant operators of brands including KFC and Pizza Hut across Peninsular Malaysia and East Malaysia; and Industrial and Other Properties, which include specialized institutional facilities such as the KFCH International College campus alongside warehouse and food processing assets. The trust primarily targets retail shoppers, corporate office tenants, fast-food restaurant chains, and institutional occupants across Malaysia. In recent developments, Al-Salam Real Estate Investment Trust has implemented comprehensive asset enhancement initiatives and tenancy remixing strategies across its core retail properties, focusing on the revitalization and repositioning of KOMTAR JBCC to capture cross-border retail and tourism traffic associated with the Johor Bahru-Singapore Rapid Transit System Link project. Concurrently, the trust has executed lease renewals across its nationwide restaurant property portfolio, restructured and refinanced its Islamic financing facilities to mitigate rising funding costs, and pursued strategic evaluations for potential yield-accretive property acquisitions from its sponsor to optimize overall portfolio performance.